Australia
Asia-Pacific markets trade mixed as investors weigh China stimulus, oil gains
The Tokyo Tower, left, and commercial and residential buildings in Minato district of Tokyo, Japan, on Saturday, Oct. 1, 2022. Photographer: Akio Kon/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images SINGAPORE — Asia-Pacific markets traded mixed on Friday following losses on Wall Street, with concerns over Middle East tensions keeping investors on edge […]
Read More
Mining giant Fortescue says it’s time to walk away from the ‘proven fantasy’ of net zero
Andrew Forrest, chairman of Fortescue Metals Group Ltd., during the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, US, on Thursday, Nov. 16, 2023. Bloomberg | Bloomberg | Getty Images Australian mining tycoon Andrew Forrest, founder and executive chairman of Fortescue, says it is time for the world to walk away from the […]
Read More
Britain’s Rightmove rejects $8.1 bln sweetened bid from Australia’s REA Group
The Rightmove Plc app on an App Store page on a smartphone arranged in London, UK, on Monday, Sept. 2, 2024. Bloomberg | Bloomberg | Getty Images British real estate portal Rightmove on Wednesday rejected a sweetened $8.1 billion takeover proposal from Australian property listing firm REA Group, saying the bid undervalued the company. “The […]
Read More
Australia’s REA sweetens takeover offer for Britain’s Rightmove to $8.1 billion
Rightmove logo is seen displayed in this illustration taken April 10 2023. Reuters | Dado Ruvic Australian property listing firm REA Group has made a third pitch to buy British rival Rightmove with a new 6.1 billion pound ($8.12 billion) offer on Monday after its two previous offers were rejected. The latest offer consists of 341 pence in […]
Read More
You have a right to ignore your bosses — but only in these countries, and after work hours
A young woman working at a table in a garden. Ute Grabowsky | Photothek | Getty Images Australia has become the latest country to allow employees the “right to disconnect” from work, a measure that has so far been implemented mostly in European nations. Under the new legislation, that came into effect on Monday, organizations […]
Read More
Australia and Indonesia seal treaty-level defense pact
National flags of Indonesia and Australia flutter before a meeting between Indonesia’s Defence Minister Prabowo Subianto and Australia’s Deputy Prime Minister and Defence Minister Richard Marles at the office of the Defence Ministry in Jakarta on February 23, 2024. Yasuyoshi Chiba | Afp | Getty Images Australia and Indonesia agreed a treaty-level defense cooperation agreement which allow Australian and Indonesian militaries to […]
Read More
Westpac posts steady third-quarter profit, helped by higher capital earnings
A Westpac bank branch in Sydney, Australia. Katharina13 | iStock Editorial | Getty Images Australia’s Westpac Banking Corp beat analyst forecasts for third-quarter profit on Monday and reported improved net interest margin, helped by fewer bad loans and better-than-expected cost controls, sending its shares to a six-year peak. Based on the lender’s average quarterly performance […]
Read More
We drove Chinese EVs to see why rival automakers are worried
Trade groups say Chinese electric vehicles pose an “existential threat” to the U.S. auto industry. China currently makes about one out of every three of the world’s new vehicles, and it has the capacity to make even more, according to research firm Dunne Insights. But faced with a growing preference for hybrids at home and […]
Read More
Australia’s second-quarter wages rise at slowest pace in a year
Shoppers walk around Pitt Street Mall on June 07, 2022 in Sydney, Australia. Brendon Thorne | Getty Images Australian wages rose at their slowest pace in a year in the June quarter, falling short of expectations, while softer gains in the private sector suggest the labor market was easing. Figures from the Australian Bureau of Statistics on Tuesday showed its wage price index […]
Read More
Asia-Pacific markets set to rise as U.S. stocks bounce back from rout
Sunrise around the Bund river district on November 02, 2023 in Shanghai, China. James D. Morgan | Getty Images News | Getty Images Asia-Pacific markets are set to open higher on Friday, tracking gains on Wall Street after new labor market data boosted investor confidence in the U.S. economy and eased recession concerns following a sharp market […]
Read More